In what’s been called the fourth industrial revolution, artificial intelligence (AI) is radically transforming global economies at a pace that has regulators scrambling to keep up. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The ongoing debate on Capitol Hill over peer-to-peer (P2P) payments regulation came into focus Monday (Oct. 3) after U.S. Sen. Elizabeth Warren, an outspoken critic of the banking industry, singled out Zelle in a report to other lawmakers that described the bank-operated network as a...
The Consumer Financial Protection Bureau (CFPB) is taking action against Choice Money Transfer, accusing it of multiple violations of money transfer laws. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The European Council has officially approved legislation that aims to ensure a safer and more transparent online environment with greater accountability and protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The Federal Reserve’s Board of Governors said Monday (Oct, 3) that it was officially ending so-called network exclusivity and would instead require all debit card issuers to enable merchants to pick from at least two unaffiliated payment card networks. Get the Full Story Complete the...
An Italian court has overruled a $169 million (€173 million) fine that the country’s antitrust authority levied against Apple and Amazon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
While the rise of environmental, social and governance (ESG) investing has been instrumental in the success of the fossil fuel divestment movement so far, critics argue that recent changes to the European Union’s ESG taxonomy threaten the current momentum. Get the Full Story Complete the...
The head of the country’s consumer financial enforcement agency is closing out its first year at the helm showing banks, FinTechs, lenders, mortgage brokers and debt collectors the world according to Rohit Chopra. Get the Full Story Complete the form to unlock this article and enjoy...
The Financial Industry Regulatory Authority (FINRA), a Wall Street regulator, has issued new guidance for broker-dealers on the penalties they could face for violating anti-money laundering (AML) rules, eliminating the cap on fines for bigger companies. Get the Full Story Complete the form to unlock...
